01661cam a22002537 4500001000600000003000500006005001700011008004100028100002300069245011100092260006600203490004100269500001600310520058700326530006100913538007200974538003601046690011301082700002101195710004201216830007601258856003701334856003601371w8835NBER20150331144340.0150331s2002 mau||||fs|||| 000 0 eng d1 aGlaeser, Edward L.14aThe Impact of Zoning on Housing Affordabilityh[electronic resource] /cEdward L. Glaeser, Joseph Gyourko. aCambridge, Mass.bNational Bureau of Economic Researchc2002.1 aNBER working paper seriesvno. w8835 aMarch 2002.3 aDoes America face an affordable housing crisis and, if so, why? This paper argues that in much of America the price of housing is quite close to the marginal, physical costs of new construction. The price of housing is significantly higher than construction costs only in a limited number of areas, such as California and some eastern cities. In those areas, we argue that high prices have little to do with conventional models with a free market for land. Instead, our evidence suggests that zoning and other land use controls, play the dominant role in making housing expensive. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web. 7aR - Urban, Rural, Regional, Real Estate, and Transportation Economics2Journal of Economic Literature class.1 aGyourko, Joseph.2 aNational Bureau of Economic Research. 0aWorking Paper Series (National Bureau of Economic Research)vno. w8835.4 uhttp://www.nber.org/papers/w883541uhttp://dx.doi.org/10.3386/w8835